Binhai Investment Co Ltd (HK:2886)
:2886
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Binhai Investment Co
(2886)
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Rating:59Neutral
Price Target:
HK$1.00
▼(-13.79% Downside)
Action:Reiterated
Date:04/14/26
The score is held back primarily by weakening financial performance—sharp revenue decline, margin compression, and softer/less reliable free cash flow—despite improving leverage. Offsetting this, technicals are mildly constructive with price above key averages and positive MACD, and valuation is attractive with a low P/E and high dividend yield.
Positive Factors
Improving leverage
Sustained deleveraging reduces financial risk and interest burden, increasing strategic flexibility. A lower debt-to-equity ratio supports capacity to fund capex or absorb shocks, improving credit resilience and the company’s ability to invest or service obligations over the medium term.
Negative Factors
Sharp revenue decline
A near-50% revenue contraction materially reduces scale economics and threatens the sustainability of fixed-cost coverage. Persistent top-line weakness undermines investment returns, compresses margins, and limits reinvestment capacity, making operational recovery and durable growth more challenging.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
Sustained deleveraging reduces financial risk and interest burden, increasing strategic flexibility. A lower debt-to-equity ratio supports capacity to fund capex or absorb shocks, improving credit resilience and the company’s ability to invest or service obligations over the medium term.
Read all positive factors
Binhai Investment Co (2886) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.47B
Dividend Yield6.91%
Average Volume (3M)166.83K
Price to Earnings (P/E)12.0
Beta (1Y)0.48
Revenue Growth-9.54%
EPS Growth1.70%
CountryHK
Employees1,746
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)0.15
Shares Outstanding1,383,255,100
10 Day Avg. Volume129,040
30 Day Avg. Volume166,826
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.74
Price to Sales (P/S)0.29
P/FCF Ratio15.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$1.43Price Target Upside23.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.2
Revenue Forecast (FY)HK$6.58B
Binhai Investment Co Business Overview & Revenue Model
Company Description
Binhai Investment Company Limited, an investment holding company, engages in the construction of gas pipeline networks, provision of connection services, and sale of liquefied petroleum gas (LPG) and piped natural gas in Hong Kong. The company ope...
Binhai Investment Co Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
57
Neutral
Cash Flow
44
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.61B | 6.20B | 6.41B | 6.10B | 4.84B |
| Gross Profit | 519.53M | 569.48M | 748.98M | 727.32M | 855.44M |
| EBITDA | 438.19M | 612.73M | 728.45M | 699.62M | 781.95M |
| Net Income | 206.15M | 199.78M | 256.61M | 325.83M | 399.66M |
Balance Sheet | |||||
| Total Assets | 7.40B | 7.75B | 8.59B | 8.57B | 8.18B |
| Cash, Cash Equivalents and Short-Term Investments | 184.07M | 385.00M | 935.40M | 845.25M | 742.18M |
| Total Debt | 2.94B | 3.34B | 3.92B | 3.93B | 3.15B |
| Total Liabilities | 5.02B | 5.45B | 6.27B | 6.28B | 5.86B |
| Stockholders Equity | 2.18B | 2.22B | 2.23B | 2.22B | 2.25B |
Cash Flow | |||||
| Free Cash Flow | 107.19M | 216.24M | 246.87M | -285.59M | -224.78M |
| Operating Cash Flow | 545.57M | 594.99M | 832.38M | 350.25M | 486.15M |
| Investing Cash Flow | -403.79M | -213.40M | -586.86M | -802.42M | -613.39M |
| Financing Cash Flow | -344.56M | -780.61M | -252.55M | 617.13M | 444.82M |
Binhai Investment Co Technical Analysis
Negative
1.16
Price Trends
1.07
Negative
1.06
Positive
1.05
Positive
Market Momentum
<0.01
Positive
40.74
Neutral
8.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2886, the sentiment is Negative. The current price of 1.16 is above the 20-day moving average (MA) of 1.11, above the 50-day MA of 1.07, and above the 200-day MA of 1.05, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 40.74 is Neutral, neither overbought nor oversold. The STOCH value of 8.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2886.
Binhai Investment Co Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
59 Neutral | HK$1.47B | 11.99 | 9.15% | 6.91% | -9.54% | 1.70% | |
57 Neutral | HK$1.05B | 6.73 | 12.46% | 5.30% | -8.67% | -19.64% | |
54 Neutral | HK$2.70B | 77.75 | 0.68% | 4.94% | 1.97% | -87.86% | |
52 Neutral | HK$241.23M | -1.66 | 1.42% | ― | -13.26% | -1163.16% | |
48 Neutral | HK$750.29M | 4.71 | 4.39% | ― | 23.15% | 13.51% | |
45 Neutral | HK$316.36M | -6.86 | -3.86% | ― | -0.17% | 4.76% |
* Utilities Sector Average
HK:2886
Binhai Investment Co
1.06
0.11
11.81%
HK:0681
Chinese People Holdings Co. Ltd.
0.03
<0.01
3.85%
HK:1265
Tianjin Jinran Public Utilities Co. Ltd. Class H
0.17
>-0.01
-0.58%
HK:9908
JiaXing Gas Group Co. Ltd. Class H
7.62
0.16
2.14%
HK:1600
Tian Lun Gas Holdings Limited
2.77
0.28
11.11%
HK:6828
Beijing Gas Blue Sky Holdings Ltd
0.03
>-0.01
-13.16%
Binhai Investment Co Corporate Events
Binhai Investment Sets Timetable for 2025 Final Dividend and AGM Eligibility
Apr 9, 2026
Binhai Investment Company Limited has proposed a final dividend of HK$0.0836 per share for the financial year ended 31 December 2025, pending shareholder approval at its annual general meeting scheduled for 8 May 2026. The dividend is expected to ...
Binhai Investment Sets HKD 0.0836 Final Dividend and Confirms Key Dates
Apr 9, 2026
Binhai Investment Company Limited has declared a final ordinary cash dividend of HKD 0.0836 per share for the financial year ended 31 December 2025, payable in Hong Kong dollars following shareholder approval scheduled for 8 May 2026. The company ...
Binhai Investment Calls 2026 AGM, Seeks Fresh Share Issuance Mandate
Apr 9, 2026
Binhai Investment Company Limited has called its annual general meeting for 8 May 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 and consider a proposed final dividend. The me...
Binhai Investment Forms Deqing Joint Venture to Drive Integrated Energy Expansion
Mar 25, 2026
Binhai Investment has established a new joint venture with Zhejiang Deyuan Culture Technology, a subsidiary of the Deqing County Government, to expand its integrated energy services footprint in Zhejiang Province. The JV, Deqing Qiyuan Intelligent...
Binhai Investment Lifts Profit and ROE Despite Revenue Dip in 2025
Mar 20, 2026
Binhai Investment Co reported full-year 2025 revenue of RMB5.61 billion, down 3% from 2024, while gross profit declined 11% to RMB519.53 million, compressing its gross margin to 9.3%. Despite softer top-line performance and margin pressure, profit...
Binhai Investment Declares Final Dividend for 2025 Financial Year
Mar 20, 2026
Binhai Investment Company Limited has declared a final ordinary cash dividend of HKD 0.0836 per share for the financial year ended 31 December 2025, with shareholder approval scheduled for 8 May 2026 and a record date set for 19 May 2026. The divi...
Binhai Investment Taps TEDA City Renewal for Smart Living and Green Home Expansion
Mar 11, 2026
Binhai Investment’s subsidiary Hainan Binhai Taiyuejia Technology has entered a strategic cooperation framework with Tianjin TEDA City Renewal and Construction Development to support China’s national “Good Housing” initiati...
Binhai Investment Sets March Board Meeting to Approve 2025 Results and Consider Dividend
Mar 9, 2026
Binhai Investment Company Limited has scheduled a board meeting in Hong Kong on 20 March 2026 to review and approve the audited consolidated annual results for the financial year ended 31 December 2025. The directors will also consider whether to ...
Binhai Investment Secures US$45 Million, RMB172.5 Million Loan Tied to State Shareholder Control
Mar 6, 2026
Binhai Investment Company Limited has secured a new syndicated multi-currency term loan facility comprising up to US$45 million and RMB172.5 million, with a tenor of 24 months and staged repayments starting 12 months after drawdown. The facility i...
Binhai Investment Gains Stronger Backing From Major Shareholders Under New Gas Supply Pact
Mar 4, 2026
Binhai Investment’s two largest shareholders, Tianjin TEDA Investment Holding and Sinopec Natural Gas, have signed a new framework agreement to deepen strategic cooperation and support the company’s long-term development. The deal aims...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.